EP #12 - Rental Property Loans 101: What Every Investor Needs to Know

Episode Summary:

In this insightful episode, Jacob and Mike are joined by Steve, a seasoned mortgage professional, to unravel the complexities of financing real estate investments. The trio delves into the intricacies of investment property loans, emphasizing the importance of building a solid team and understanding the diverse loan options available. Steve shares valuable insights on debt-service coverage ratio (DSCR) loans, shedding light on eligibility criteria and common scenarios where they prove beneficial. The conversation also touches on interest rates, loan-to-value (LTV) ratios, and the critical role of appraisals in real estate transactions. The episode culminates in practical advice for new investors entering the real estate market, emphasizing the need for due diligence, team-building, and learning from mistakes. For those navigating the real estate financing landscape, this episode provides a comprehensive guide and actionable tips for success.